Job Switchers Are Earning a Lot More Than Those Who Stay

  • Even if you’re happy at your job, getting a new job for more pay is a good strategy as inflation eats into paychecks It often pays to switch jobs, and now is one of the best times to do it.
  • The pay difference between those who stay and those who changed jobs is growing, according to the Federal Reserve Bank of Atlanta.
  • Job stayers, or people who stayed in their job for the past three months, increased their wages by about 4.7% as of June 2022.
  • Those who switched jobs received a raise of 6.4%. The gap is the largest in two decades.

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